2014-02-10 00:25:05 - Spain Pharmaceuticals and Healthcare Report Q1 2014 - a new market research report on companiesandmarkets.com
The Spanish government´s multifaceted strategy to contain expenditure on prescription medicines by targeting patients, companies and the healthcare sector in general highlights the challenge companies face selling their products in the country. While lobbying the government to ease up on measures targeting the pricing of drugs may work to ease pressures on revenues, we believe the complexity of the cost-containment measures will inevitably continue to work against companies.
Headline Expenditure Projections:
- Pharmaceuticals: EUR24.99bn (US$31.74bn) in 2012 to EUR24.08bn (US$32.03bn) in 2013; -3.6% in local currency terms and -0.9% in US dollar terms.
- Healthcare: EUR99.61bn (US$126.51bn) in 2012 to EUR98.91bn (US$131.54bn) in 2013; -0.7% in local currency terms and 4.0% in US dollar terms.
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